The Department of the Treasury's Community Development Financial Institutions Fund awarded $482,900 under the Community Development Financial Institutions Program (CFDA 21.020) to Finest Federal Credit Union. This Project Grant will support the credit union's work to promote economic revitalization and community development through February 2023 to December 2026. The CDFI Program provides monetary awards and training to certified Community Development Financial Institutions and emerging CDFIs to...
The Department of the Treasury Community Development Financial Institutions Fund awarded Finest Federal Credit Union a $125,000 Project Grant under the Community Development Financial Institutions Program (CFDA 21.020). The grant will support the credit union in building its organizational capacity to serve eligible low-income communities and individuals across the United States who lack adequate access to affordable financial products and services through September 2023. Funds will be used...
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund awarded a $383,223 Project Grant to Finest Federal Credit Union under the Small Dollar Loan Program (CFDA 21.025). This grant supports the establishment and maintenance of small business loan programs offered by the certified CDFI to provide affordable alternatives to high-cost small dollar loans. The grant funding enables Finest Federal Credit Union to offer financial products and services that help...
The federal Project Grant award in the amount of $350,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to the DC Federal Credit Union, a minority-owned nonprofit organization in Washington, D.C. The grant will enable the DC Federal Credit Union, a certified CDFI, to expand its lending, grant-making, and investment activities to support over 10,000 member owners in low- and moderate-income communities....
The Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) awarded Finest Federal Credit Union $4,957,678 through a Project Grant to provide financial products and services to help low- and moderate-income communities recover economically from the impacts of COVID-19. Specifically, the grant funds will enable the credit union to expand lending, establish loan loss reserve funds, and support small dollar loan programs as affordable...
The Department of the Treasury's Community Development Financial Institutions Fund awarded $271,988 under the Small Dollar Loan Program (CFDA 21.025) to Finest Federal Credit Union on September 27, 2022. Through December 31, 2025, the funding will enable the credit union to establish a loan loss reserve and provide technical assistance to support a small dollar loan program. The program aims to increase access to affordable capital and credit-building opportunities for underbanked populations...
Finest Federal Credit Union was awarded a $1.8 million Project Grant from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) to support, prepare for, and respond to the economic impact of the coronavirus. The grant, awarded June 15, 2021 with a completion date of December 31, 2023, will allow Finest Federal Credit Union to provide services and products to communities impacted by COVID-19 through the end of next year. As...
This $300,000 Project Grant was awarded on November 21, 2024 by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund under the CDFI Program (CFDA 21.020). The grant will support the Finanta Federal Credit Union, a nonprofit community development financial institution, in delivering financial services, loans, investments, and technical assistance to underserved communities, primarily low-income, Native American, and economically disadvantaged populations....
This $900,000 Project Grant award is provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Coastal Federal Credit Union. The funding will support the CDFI's efforts to promote economic revitalization and community development in underserved areas. Specifically, the grant will enable the CDFI to deliver financial services, loans, investments, and technical assistance to low-income, Native American, and economically...
The federal Project Grant award of $800,000 was provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) to Oswego County Federal Credit Union, a certified CDFI. The grant aims to support the credit union's efforts to provide financial services, loans, investments, and technical assistance to underserved communities, primarily low-income, Native American, and economically disadvantaged populations. Specifically, the funding...